CFI is the official global provider of the Financial Modeling and Valuation Analyst (FMVA)™ certification program, designed to transform anyone into a world-class financial analyst. Enroll now to gain the skills you need to take your career to the next level. This quiz and worksheet combo helps gauge your knowledge of GAAP. Terms you will need to know for the quiz include Economic Entity Assumption and Going Concern Principle. It’s accrual world, but continue studying to become audit you can be. (Did you catch our accounting jokes there?).
- You have already completed the quiz before.
- Take this short quiz to assess your knowledge of basic accounting.
- We now offer 10 Certificates of Achievement for Introductory Accounting and Bookkeeping.
- This quiz and worksheet combo helps gauge your knowledge of GAAP.
- Accounting is a challenging field that requires years of initial education, experience and continuing professional education.
Accounting is a challenging field that requires years of initial education, experience and continuing professional education. As a member, you’ll also get unlimited access to over 88,000 lessons in math,
English, science, history, and more. Plus, get practice tests, quizzes, and personalized coaching to help you succeed. NetSuite has packaged the experience gained from tens of thousands of worldwide deployments over two decades into a set of leading practices that pave a clear path to success and are proven to deliver rapid business value. With NetSuite, you go live in a predictable timeframe — smart, stepped implementations begin with sales and span the entire customer lifecycle, so there’s continuity from sales to services to support. You have already completed the quiz before.
Related Quizzes
This Accounting Test is designed to help you assess your knowledge of essential accounting principles and basic concepts. This is also a useful resource for employers to examine the technical knowledge of the candidates during an accounting or finance interview. Basic accounting questions focus on topics concerning the financial statements and how transactions are recorded. An accounting assessment test gauges an individual’s knowledge of basic accounting information, often used to screen potential candidates for bookkeeping and lower-level accounting jobs.
If you have difficulty answering the following questions, learn more about this topic by reading our Accounting Principles (Explanation).
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We now offer 10 Certificates of Achievement for Introductory Accounting and Bookkeeping. The certificates include Debits and Credits, Adjusting Entries, Financial Statements, Balance Sheet, Income Statement, Cash Flow Statement, Working Capital and Liquidity, Financial Ratios, Bank Reconciliation, and Payroll Accounting. Receive instant access to our graded Quick Tests (more than 1,800 unique test questions) when you join AccountingCoach PRO.
- Basic accounting questions focus on topics concerning the financial statements and how transactions are recorded.
- NetSuite has packaged the experience gained from tens of thousands of worldwide deployments over two decades into a set of leading practices that pave a clear path to success and are proven to deliver rapid business value.
- Accounting principles are the common rules and guidelines that companies need to follow while preparing and presenting financial statements.
- With NetSuite, you go live in a predictable timeframe — smart, stepped implementations begin with sales and span the entire customer lifecycle, so there’s continuity from sales to services to support.
- The certificates include Debits and Credits, Adjusting Entries, Financial Statements, Balance Sheet, Income Statement, Cash Flow Statement, Working Capital and Liquidity, Financial Ratios, Bank Reconciliation, and Payroll Accounting.
We will test your understanding of this topic with this quiz. Also, make your learning better here with us. Take this short quiz to assess your knowledge of basic accounting. The 35 questions include many topics covered in a typical Accounting 101 class. Answers with explanations are at the end of the test. Accounting basics include how to value business transactions, how to record activity in a company’s books and how to report business results using financial statements.
Accounting Test Questions
How good are your basic accounting principles and concepts? Try out these quiz questions and answers and check your financial knowledge. Accounting principles are the common rules and guidelines that companies need to follow while preparing and presenting financial statements.
